Bekaert : Bekaert: General Meeting of Shareholders

Today Bekaert's Ordinary General Meeting of Shareholders took place, with
Baron Buysse, Chairman of the Board of Directors, in the chair. The following
main subjects were considered.

The meeting approved the balance sheet and the income statement as at
31December2011, as submitted by the Board of Directors, including the
distribution of a gross dividend of €0.50 per share. This will bring the
total gross dividend for 2011 (including the interim dividend of €0.67 paid
on 17October2011) to €1.17 compared with €1.67 for 2010.

The dividend ex-date is 11 May 2012. The dividend will be payable on 16 May
2012 at the following banks: ING Belgium, Bank Degroof, BNP Paribas Fortis,
KBC Bank and Belfius Bank in Belgium, Société Générale in France, ABN-AMRO
Bank in the Netherlands and UBS in Switzerland.

The meeting approved the 2011 annual report of the Board of Directors,
including the remuneration report for the year 2011. The meeting discharged
the Directors and the Statutory Auditor for the performance of their duties
during the financial year 2011 and approved the remuneration of the Directors
and the Statutory Auditor.

The meeting accepted the recommendations:

  oto re-appoint Baron Buysse and Sir Anthony Galsworthy as Directors for a
    term of two years, until the Ordinary General Meeting to be held in 2014;
  oto re-appoint Baron Bekaert, Mr Bert De Graeve, Count Charles de
    Liedekerke, and Messrs Hubert Jacobs van Merlen and Maxime Jadot as
    Directors for a term of three years, until the Ordinary General Meeting to
    be held in 2015;
  oto re-appoint Mr Manfred Wennemer as independent Director for a term of
    three years, until the Ordinary General Meeting to be held in 2015.

Today an Extraordinary General Meeting of Shareholders took place as well. The
meeting extended the authorizations granted to the Board of Directors to buy
back company shares and to increase the registered capital (authorized
capital).

Press release in pdf

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Source: Bekaert via Thomson Reuters ONE
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